What's Hot: 702,000: DC Sees Population Rise Again In 2024
Back Below 7%: Mortgage Rates Fall Again
✉️ Want to forward this article? Click here.
Does three weeks a trend make? When it comes to long-term interest rates, homebuyers certainly hope so.
Freddie Mac reported 6.94% as the average on a 30-year mortgage, down 8 basis points from last week. It is the third week in a row that rates have fallen and the first time that they have been below 7% in over a month.
story continues below
loading...story continues above
“Although this week’s data on previously owned home sales showed a decline, total inventory of both new and existing homes is up," Sam Khater, Freddie Mac’s Chief Economist, said. "Greater supply coupled with the recent downward trend in rates is an encouraging sign for the housing market.”
The UrbanTurf Mortgage Rate Disclaimer: The rates reported by Freddie Mac for 30-year mortgages are usually the best rates that the most qualified borrowers can get, so borrowers or those considering refinancing should not necessarily read this news and think that they can go out and get a loan with the quoted interest rate.
See other articles related to: interest rates, mortgage rates
This article originally published at https://dc.urbanturf.com/articles/blog/back_below_7_mortgage_rates_fall_again/22346.
Most Popular... This Week • Last 30 Days • Ever
The federal government could be shut down by the end of today, and that shutdown coul... read »
The 16,250 square-foot home along Foxhall Road NW owned by Fox News anchor Bret Baier... read »
Right on the heels of a $29 million home along Foxhall Road going under contract to T... read »
New data shows that DC continues to make up for population losses experienced during ... read »
Built almost a century ago, the five-bedroom estate will hit the market in Chevy Chas... read »
- How a Government Shutdown Could Affect Home Loans
- At $25 Million, This Is The Most Expensive Home Ever Sold In DC
- The Trump Effect Continues: $10 Million Georgetown Condo Goes Under Contract
- 702,000: DC Sees Population Rise Again In 2024
- The Most Expensive Home In Chevy Chase Will Hit The Market For Just South Of $10 Million
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro